IRS interest refund

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
okinawafl
Posts: 98
Joined: Sun Jul 11, 2021 12:38 pm

IRS interest refund

Post by okinawafl »

I received IRS interest refund abt $300 in Feb 2023 (this year) for my year 2021 1040 tax return refund interest. I filed my 2021 1040 last year but it was not processed by IRS till this year.

May I know when I file 2022 now, may I know if I should include this $300 interest in my 2022 return or next year (2023).
thanks.
Top
nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: IRS interest refund

Post by nelsona »

it is considered 2023 interest income.

I admire your patience. You might want to consider having your withholding adjusted so that they don't owe you so much money!! ;o)
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Top
okinawafl
Posts: 98
Joined: Sun Jul 11, 2021 12:38 pm

Re: IRS interest refund

Post by okinawafl »

Thanks so much nelsona.
always appreciate for your kind assistance.
Top
Post Reply

Return to “Canada / United States Tax & Accounting”